Finding cheap insurance for a Chevy Silverado in Colorado is fairly easy, but it depends on many factors such as annual miles driven, your profession, and any prior driving offenses. Drivers in Colorado will pay on average $1,243 each year for Silverado insurance, but that amount is an approximation based upon a 40-year-old single male driver with full physical damage coverage and $500 deductibles.

There's a high likelihood you're not a 40-year-old male, possibly married instead of single, and you may just want the cheapest liability coverage you can find. Auto insurance requires individual risk assessment, so the only way to find the cheapest rates for your Chevrolet is to do the rate comparisons yourself.

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Vehicle trim level has an effect on price, so the price you will be charged to insure a Silverado LS Regular Cab 2WD trim level will be $240 less than the cost to insure the higher-priced Silverado Crew Cab Hybrid 4WD trim level, as shown below.

Chevrolet Silverado Insurance Rates in Colorado
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $188 $348 $480 $28 $144 $1,188 $99
Silverado LS Regular Cab 4WD $188 $348 $426 $26 $128 $1,116 $93
Silverado LT Regular Cab 2WD $216 $424 $480 $28 $144 $1,292 $108
Silverado LT Regular Cab $216 $424 $480 $28 $144 $1,292 $108
Silverado LS Extended Cab 4WD $216 $424 $426 $26 $128 $1,220 $102
Silverado LT Extended Cab 4WD $216 $424 $426 $26 $128 $1,220 $102
Silverado LT Extended Cab 2WD $216 $424 $480 $28 $144 $1,292 $108
Silverado LS Extended Cab 2WD $216 $424 $480 $28 $144 $1,292 $108
Silverado LT Crew Cab 4WD $244 $500 $426 $26 $128 $1,324 $110
Silverado LS Crew Cab 2WD $244 $500 $480 $28 $144 $1,396 $116
Silverado LS Crew Cab 4WD $244 $500 $426 $26 $128 $1,324 $110
Silverado LT Crew Cab 2WD $244 $500 $480 $28 $144 $1,396 $116
Silverado LTZ Extended Cab 2WD $244 $500 $480 $28 $144 $1,396 $116
Silverado LTZ Extended Cab 4WD $244 $500 $426 $26 $128 $1,324 $110
Silverado LTZ Crew Cab 2WD $244 $500 $480 $28 $144 $1,396 $116
Silverado LTZ Crew Cab 4WD $244 $500 $426 $26 $128 $1,324 $110
Silverado Crew Cab Hybrid 2WD $244 $576 $426 $26 $128 $1,400 $117
Silverado Crew Cab Hybrid 4WD $272 $576 $426 $26 $128 $1,428 $119
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate information does not factor in your specific Colorado location which can revise insurance rates significantly.

Colorado insurance companies

Ending up with the top auto insurance provider can be a challenge considering how many companies provide coverage in Colorado. The information shown below could help you choose which providers you want to consider shopping your coverage with.

These rankings are for companies that insure vehicles nationwide, so smaller regional companies are not factored into these rankings. To get rate quotes from the most competitive companies in Colorado, simply click here.

Colorado Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
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Data Source: Best Car Insurance Companies

The information below demonstrates how deductible levels can increase or decrease insurance costs when trying to find cheap insurance for a Chevy Silverado in Colorado. The prices are based on a married male driver, full coverage, and no policy discounts are applied.

The data above shows that a 50-year-old driver could lower their policy premium by $340 a year by changing from a $100 deductible up to a $500 deductible, or save $514 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could save $1,138 annually by choosing larger deductibles on their policy. When choosing a higher deductible, it's a good idea to have enough savings set aside to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Discounts on Colorado car insurance rates

Insurance providers that provide policies for a Chevy Silverado may provide premium discounts that may potentially lower prices by as much as 35% or more if you meet specific criteria. Companies and some of their more popular discounts can be found below.

The chart below illustrates the comparison of auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, anti-theft, homeowner, vehicle safety, multiple vehicle, and multiple policy discounts applied. With discounts applied, the the average amount saved on insurance for a Chevy Silverado is 28% or $599.

How to find low-cost car insurance for a Chevy Silverado

It is possible to find better rates, and here are many penny-pinching solutions that can help Colorado drivers quote lower-cost coverage.

That last piece of advice is particularly vital, as was emphasized in this piece. Rates change frequently, so don't hesitate to buy a different policy if you find a cheaper price. Loyalty to a specific company is fine, but it's not a good idea if that loyalty ends up costing money that could be spent on other things. In less than five minutes you could shop around and find cheaper car insurance for a Chevy Silverado.